Canada · Delayed Price · Currency is CAD Integra Resources Earnings Call Transcripts
Fiscal Year 2025
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2025 saw record revenues, cash flow, and gold production, driven by Florida Canyon's strong performance and high gold prices. Major milestones included debt elimination, index inclusions, and a robust DeLamar feasibility study, positioning for growth in 2026.
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The DeLamar feasibility study confirms a large-scale, low-cost, oxide heap leach gold-silver project with robust economics, rapid payback, and significant future upside. The project is de-risked, financeable, and well-positioned for permitting, with strong community and stakeholder engagement.
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Record Q3 results with $70.7M revenue and $16.3M adjusted earnings, driven by strong gold production and high prices at Florida Canyon. Robust cash flow supports reinvestment and project advancement, with updated mine plans and feasibility studies expected in 2025–2026.
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Record Q2 revenue and cash flow from Florida Canyon enabled reinvestment and project advancement, with gold production and costs in line with guidance. Strong cash position supports ongoing development at DeLamar and Nevada North, while growth drilling expands resource potential.
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First full quarter as a gold producer saw strong cash flow, 19,323 oz gold output, and a $61.1M cash balance. Florida Canyon exceeded expectations, DeLamar advanced permitting, and a major drill program began to expand resources.
Fiscal Year 2024
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2024 marked a transformation to gold producer status, driven by the Florida Canyon acquisition and record production. Strong cash and working capital position support ongoing project development, with optimization, permitting, and feasibility milestones targeted for 2025.